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Headlines Tagged with Bonds 1,534 headlines found

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[New Jersey] EDITORIAL: Our view: Tobacco profiteering shows character of NJ government

Subsequent governors have refinanced McGreevey's wasteful money grab... New Jersey government is pocketing all of that money, not spending a dime...New Jersey will have to spend more in the future to deal with the expensive effects of tobacco addiction,
The Press of Atlantic City
added Dec 30, 2015 23:19
14 Views

Correction: Fitch Completes U.S. Tobacco ABS Portfolio Review

Fitch Ratings has completed its annual review of tobacco ABS ratings accounting for the amount of Master Settlement Agreement (MSA) payment received by each trust in 2015. For 2015, the aggregate MSA payment was 0.36% higher than the amount 2014.
Business Wire
added Dec 1, 2015 01:16
7 Views

Fitch Places Various Tranches of Tobacco ABS on Rating Watch on Changes and Possible Input Errors

Fitch Ratings has placed 49 tranches of tobacco settlement asset-backed securities (ABS) on Rating Watch and revised two from Rating Watch Negative to Rating Watch Evolving in connection with an ongoing and comprehensive review of its entire tobacco settl
Business Wire
added Dec 1, 2015 01:15
52 Views

[New York] Muni Tobacco Bonds Rally Most Since January on N.Y. Settlement

High-yield municipal tobacco bonds rallied by the most since January after New York reached a settlement with cigarette companies that freed up $550 million of funds, fueling speculation that other states will follow suit.
Bloomberg News
added Oct 21, 2015 15:10
16 Views

[New York] CRUDELE: How the government wasted tobacco’s $200B windfall

So, Albany is missing out on billions from smuggled cigarettes, losing out on tax from the smokes the Native Americans are selling, and shouldering the cost of bonds foolishly issued to back Master Settlement money it might never see. I called state Att
New York Post
added Oct 20, 2015 13:22
8 Views

New York Gets $550 Million in Tobacco Deal ($$)

An agreement ending a decadelong dispute between New York and major tobacco companies will deliver $550 million to the state, New York City and other counties, Attorney General Eric Schneiderman is expected to announce on Tuesday.
The Wall Street Journal Interactive Edition
added Oct 20, 2015 12:10
18 Views

Americans Are Smoking Again, a Boon for Municipal Tobacco Bonds

Americans are boosting spending on cigarettes for the first time in almost a decade. ..it’s fueling a rally in one of the riskiest corners of the municipal-bond market. High-yield tobacco bonds, which are repaid from legal-settlement money that state and
Bloomberg News
added Oct 6, 2015 21:41
10 Views

Fitch Publishes Updated Criteria for Rating U.S. Tobacco Settlement ABS

The updated criteria discloses the assumptions Fitch uses in its cash flow model, which incorporate break-even rates for possible declines of the master settlement agreement (MSA) payment amount. Fitch's starting point in the break-even analysis is the m
Business Wire
added Oct 6, 2015 12:28
7 Views

Amended: Fitch Completes U.S. Tobacco ABS Portfolio Review

Fitch Ratings has completed its annual review of tobacco ABS ratings accounting for the amount of Master Settlement Agreement (MSA) payment received by each trust in 2015. For 2015, the aggregate MSA payment was 0.36% higher than the amount 2014.
Business Wire
added Sep 23, 2015 13:40
33 Views

Barclays's Kym Arnone, Head Banker on Tobacco Deals, Leaves Firm

Kym Arnone, a Barclays Plc managing director who led the bank’s sales of bonds backed by money state and local governments receive from their legal settlement with cigarette makers, has left the company.
Bloomberg News
added Aug 28, 2015 19:26
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